Energy Storage Costs Will be Bankable by 2020

From a recent study:

"Relying on arbitrage or peak-shaving alone does not make for a convincing business case.
Pressure from government regulations may also have an effect on the numbers. Official targets to increase energy storage capacity, such as those announced just this month in New York, put pressure on even more utilities to develop their own energy storage solutions. We still have to wait for technology costs to fall enough to make energy storage projects bankable on their own. Current estimates think battery energy storage technology could be competitive as early as 2020. Until we reach that point, developers must continue finding innovative ways to combine energy storage with other applications or seek out value stacking opportunities to better make their business case."

Much if the issue revolves around where the income for energy storage comes from. The case of doing energy storage is strong right now, but most regulatory schemes do not provide sufficient economic incentives. However, 2020 is right around the corner and the situation will change dramatically.

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